EU and Egypt to Launch Platform to Mobilize USD 5.8B for Green Projects
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menaraisingstars
- June 21, 2025
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The European Union and Egypt are launching a new joint platform aimed at mobilizing €5.3 billion (approximately USD $5.8 billion) in investments for green projects within Egypt, strengthening bilateral cooperation on climate and energy transition.
Key Details
The new EU-Egypt Green Hydrogen Platform was announced following discussions between European Commission President Ursula von der Leyen and Egyptian President Abdel Fattah El Sisi. This initiative is designed to attract and facilitate investments in green projects across Egypt, particularly focusing on renewable energy and green hydrogen. The platform will serve as a mechanism to coordinate efforts, share expertise, and unlock the significant funding required for Egypt’s transition to a greener economy.
Funding & Scope
The platform’s ambitious target is to mobilize approximately €5.3 billion (USD $5.8 billion) in funding. This substantial amount is intended to support various green initiatives, including the development of renewable energy infrastructure, green hydrogen production facilities, and potentially other related projects like grid modernization or sustainable transport. The focus on green hydrogen aligns with global trends and Egypt’s potential to become a key producer and exporter of clean energy.
Partnership Context
The launch of the platform underscores the deepening strategic partnership between the EU and Egypt, particularly in areas of energy, climate action, and economic development. This collaboration is part of broader EU efforts to support its partners in the transition to sustainable energy systems and combat climate change. For Egypt, the partnership is crucial for attracting foreign investment and technology needed to realize its potential in renewable energy and diversify its energy mix.
Looking Ahead
The establishment of the EU-Egypt Green Hydrogen Platform is a significant step towards mobilizing the necessary capital for large-scale green projects in Egypt. It is expected to streamline investment processes and create a more favorable environment for both public and private sector participation in the green economy transition. Success will depend on effective implementation and the ability to attract diverse investors to the projects identified through the platform.
Source: Waya Media
